...
section 370 of the Indian Succession Act, 1925, a succession certificate can be
granted only in respect of debts and securities and not for any other kind of
property. A succession certificate cannot be granted in respect of ornaments
pledged by a deceased with a bank by way of security for the debt which the bank
had advanced. It is not a debt due from the bank. Also, it cannot be granted in
respect of ornaments kept in a deposit locker in...debts and, therefore, there is no scope for obtaining a
succession certificate in respect of the same. "
( 12 ) IN this case, it is not a debt due to Smt. Suguna Bai by the bank, nor were
the ornaments pledged with the bank. The plaintiffs sought for a declaration to
operate the bank locker and...certificate from
the competent court and, therefore, that filed the present suit for a declaration that
they are entitled to operate the locker.
( 3 ) THE main point that falls for...